zeb/market flash (Issue 6 – July 2013)

Key topics

1. State of the banking industry

  • In Q2 2013, US and Western European banks exhibited solid TSR performances fueled by promising P&L results in Q1 2013
  • Investors, however, became cautious about BRICS and especially Chinese banks, leading to lower valuations and higher CDS spreads

2. Key banking drivers

  • The recession in Western Europe continued with negative growth rates for the fourth quarter in a row
  • Sovereign interest rates remained low but increased in Q2 2013 as the US Federal Reserve considered adopting an expansive monetary policy

3. Special topic: Generating value in banks while acting as a responsible citizen

  • Double sustainability as a strategic chance for banks
  • Social/ecological sustainability tends to push TSR performance of banks but financial sustainability is a clear pre-condition
Picture: Skyline New York

Feel free to contact us!

Author Dr. Dirk Holländer

Dr. Dirk Holländer

Senior Partner Office Frankfurt

Volker Abel

Senior Manager zeb
Author Dr. Ekkehardt Bauer

Dr. Ekkehardt Bauer

Senior Manager Office Münster

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